Barratt Developments PT Lowered to GBX 466 (BDEV)
Stock analysts at Jefferies Group reduced their price objective on shares of Barratt Developments (LON:BDEV) from GBX 474 ($7.81) to GBX 466 ($7.68) in a report issued on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 23.09% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments in a research note to investors on Monday, January 20th. They now have a GBX 394 ($6.49) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barratt Developments in a research note to investors on Wednesday, January 15th. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Barratt Developments in a research note to investors on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 395.47 ($6.52).
Barratt Developments (LON:BDEV) opened at 378.60 on Friday. Barratt Developments has a 1-year low of GBX 215.80 and a 1-year high of GBX 398.00. The stock’s 50-day moving average is GBX 361.3 and its 200-day moving average is GBX 335.9. The company’s market cap is £3.694 billion.
Barratt Developments PLC is a holding company. The Company’s principal activities consists of acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds.
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